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Pinnacle Real Estate Group – FL

1329 Pennsylvania Avenue, Miami Beach, FL 33139 (MLS# A11888408)

1329 Pennsylvania Avenue, Miami Beach, FL 33139

$3,200,000
Property Type: Commercial Sale Square Footage: 5,760 Status: Active
Current Price: $3,200,000 List Date: 10/02/2025 Last Modified: 6/18/2026

Overview

Description

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

Listing Details MLS# A11888408

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
7
Occupant Type
Tenant
Building Area Main
5760
Year Built
1936
Lot Size Area
7500
Lot Size Acres
0.17
Stories Total
2

Property Features

Building Features: Exterior Lighting; Laundry Facilities Possession: Negotiable Property Condition: Resale Sale Includes: Building; Land Source Of Expenses: Owner Provided Tenant Pays: Electricity; Interior Electric Construction Materials: Stucco Listing Terms: Cash; Conventional Roof: Built-Up Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
3200000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1329
Street Name
Pennsylvania
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
4025
Area
2320
Parcel Number
0242030090700
Subdivision Number
9
Zoning
3900
Flood Zone
AE

Financial Information

Tax Annual Amount
31114
Tax Year
2024
Tax Legal Description
OCEAN BEACH NO 3 PB 2-81 LOT 12 BLK 39 LOT SIZE 50.000 X 150 OR 17313-2432 0896 1

Status Change Information

Major Change Timestamp
2025-10-02T20:08:24Z
Major Change Type
New Listing
Status Change Date
2025-10-02

More Information

Building and Property Details

# Of Tenants
8
Improvement Height
2 Stories

Income and Expenses

Gross Scheduled Income
163200
Occupancy Percentage
100

Description of Unit Type 1

Unit Type
1 Bedroom
Annual Rent
1700

Description of Unit Type 2

Unit Type
1 Bedroom

Description of Unit Type 3

Unit Type
1 Bedroom

Description of Unit Type 4

Unit Type
1 Bedroom

Description of Unit Type 5

Unit Type
1 Bedroom

Description of Unit Type 6

Unit Type
1 Bedroom

Description of Unit Type 7

Unit Type
1 Bedroom

Price Calculations

Current Price To SqFt
555.55

Section Details

Parcel Number MLX
0700

Originating Details

Originating System Key
421286111
Originating System ID
M00000151
IDX
Listing Office: BHHS EWM Realty
Source MLS Verified
Last Updated: June - 18 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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